Privacy Fact-checked 2026-08-14

Bisq

Established 2014

The decentralised P2P exchange where you trade Bitcoin for fiat with no account and no KYC.

Bisq is a desktop application, not a website: trades happen peer-to-peer over Tor with escrow secured by multisig deposits, supporting dozens of fiat payment methods worldwide. No registration, no identity checks, and the code is fully open source.

Quick facts

Founded

2014

Pros

No KYC, no account, no central server to seize
Open source with a 10-year track record
Real escrow protection without a middleman

Cons

Slower trades and thinner liquidity than CEXs
Desktop-only with a learning curve
Deposit requirements and trading limits to learn

Best for

Privacy-conscious Bitcoin buyers who can handle the learning curve

Fees

Trading fees ~0.1–0.7% plus BTC mining fees and small security deposits.

Security notes

Multisig escrow means neither party can run off with funds. Never trade outside the app's escrow flow, regardless of what a counterparty asks.

p2pno-kycopen-source

Frequently asked questions

What is Bisq?

Bisq is The decentralised P2P exchange where you trade Bitcoin for fiat with no account and no KYC. Bisq is a desktop application, not a website: trades happen peer-to-peer over Tor with escrow secured by multisig deposits, supporting dozens of fiat payment methods worldwide. No registration, no identity checks, and the code is fully open source.

Is Bisq safe to use?

Multisig escrow means neither party can run off with funds. Never trade outside the app's escrow flow, regardless of what a counterparty asks. As always, verify details on the official site before trusting funds to any service.

How much does Bisq cost?

Trading fees ~0.1–0.7% plus BTC mining fees and small security deposits. Figures change — confirm current pricing on the official site before deciding.

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